The Nasdaq ended Friday’s trading session with larger gains than the S&P 500 and Dow Jones, thanks to a positive earnings outlook for Amazon. In contrast, investor sentiment was dominated by concerns that the Federal Reserve (the US central bank) may have begun to take a more conservative approach to cutting interest rates.
Amazon shares saw a significant rise, hitting a new record high, after the company forecast quarterly sales exceeding estimates. Apple shares performed more steadily, despite the company’s forecast of strong iPhone sales during the holiday season, exceeding Wall Street’s expectations. However, CEO Tim Cook pointed to supply constraints.
